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Monday, June 27, 2011

Praising Hedge Fund Manager Clifford Asness – Because It’s Only Fair

Balancing Previous Condemnation with Recognition of a Good Thing

Several Weeks ago The Dismal Political Economist was critical of an opinion piece by Wall Street banker Clifford Asness in the Wall Street Journal.Today in the news section of the Journal, the report is that

Opponents said they would go on the attack against Republicans who support gay marriage. Brian Brown, president of the National Organization for Marriage, said New York's move was a "disaster for the Republican party," and that his group planned to spend $2 million over the next 18 months to defeat the legislators who supported it.

But those GOP lawmakers also received pledges of support from Wall Street, including from hedge fund manager Cliff Asness of AQR Capital Management.

So Mr. Asness, The Dismal Political Economist wants to recognize your political courage and commend you.You deserve it.